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5 Key Charts Show Rising Interest Rates Good For Gold Bullion
goldcore.com / By Mark O’Byrne / December 18, 2015
Gold fell to the lowest level in dollar terms since 2009 yesterday after the Fed’s “historic” 25 basis point interest rate rise on Wednesday. The rate hike has been heralded as the “end of cheap money.” This may or may not be the case but what is more important for precious metal buyers is the impact of potential rising rates on gold prices.
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Most pundits on Wall Street are nearly universal in seeing the rate increase as negative for gold. Especially vocal in this regard has been Goldman Sachs. One headline this week, screamed ‘Gold sags as higher U.S. rates are ‘very negative’ for bullion’. However, the consensus is likely once again wrong and it is important to examine the widely held belief that rising rates are bad for gold, by looking at the data and the historical record.
The post 5 Key Charts Show Rising Interest Rates Good For Gold Bullion appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/12/18/5-key-charts-show-rising-interest-rates-good-for-gold-bullion/
